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Buyer Resources
Welcome to BuyNewHomesOahu.com's comprehensive guide to help you navigate the exciting journey of buying a new home in West O'ahu. Whether you're a first-time homebuyer or a seasoned investor, we've gathered essential information to support your home-buying process.
Financing Options
Securing the right financing is one of the most important steps in your home buying journey. We've outlined the primary options available to Hawaii homebuyers below, each with unique benefits depending on your situation.
Conventional Loans
Traditional loans offering fixed or adjustable rates. Typically require a down payment between 5% and 20%. These loans are not insured by the federal government and often feature competitive interest rates for qualified buyers with strong credit histories.
  • Best for buyers with good credit scores (typically 620+)
  • Lower mortgage insurance requirements than government-backed loans
  • Variety of term lengths available (15, 20, or 30 years)
  • Can be used for primary residences, second homes, or investment properties
FHA Loans
Government-backed loans with lower down payment requirements (as low as 3.5%), ideal for first-time homebuyers. These loans are insured by the Federal Housing Administration, making them accessible to buyers with less-than-perfect credit.
  • Minimum credit score requirements start at 580 for 3.5% down payment
  • More flexible debt-to-income ratio requirements
  • Requires upfront and annual mortgage insurance premiums
  • Property must meet certain HUD standards and be your primary residence
VA Loans
Available to eligible veterans and active-duty military personnel with benefits like zero down payment and competitive rates. These loans are guaranteed by the U.S. Department of Veterans Affairs and offer exceptional terms to those who have served our country.
  • No down payment required in most cases
  • No private mortgage insurance
  • More flexible credit requirements than conventional loans
  • Funding fee can be financed into the loan (waived for certain disabled veterans)
USDA Loans
For homes in qualified rural areas, offering zero down payment options and favorable terms. These loans are guaranteed by the U.S. Department of Agriculture and are designed to promote homeownership in less densely populated areas of Hawaii.
  • 100% financing available (no down payment)
  • Lower mortgage insurance costs than FHA loans
  • Income limitations apply (must not exceed 115% of area median income)
  • Property must be located in a USDA-eligible area (parts of West O'ahu qualify)
Local Programs
Ask us about unique Hawaii financing options like the Hawaii Housing Finance and Development Corporation (HHFDC) programs. The state of Hawaii offers several special programs designed to make homeownership more accessible to local residents.
  • First-time homebuyer assistance programs
  • Mortgage credit certificates that can reduce your federal tax liability
  • Down payment assistance programs for qualified buyers
  • Special rates and terms for essential workers including teachers and healthcare professionals
Understanding your financing options is crucial in securing your dream home. Our team can help you navigate these choices and determine which option best fits your financial situation and long-term goals. We have established relationships with multiple local lenders who understand the unique Hawaii market and can offer competitive rates and personalized service.
Contact us directly for personalized advice and referrals to trusted local lenders who specialize in DR Horton home purchases. Getting pre-approved before you begin your home search will strengthen your offer and give you a clear understanding of your budget.
Timeline of Buying a DR Horton Home in Hawaii
Step 1: Register for Interest List (1-2 Days)
Join DR Horton's interest list for your preferred community or development in Hawaii.
Step 2: Loan Pre-Qualification (1-2 Weeks)
Get pre-qualified with DR Horton's preferred lender for priority selection opportunities.
Step 3: Lot Selection & Contract (2-7 Days)
Attend a sales release event, select your lot and floor plan, and sign purchase agreement.
Step 4: Design Selections (2-4 Weeks)
Choose your home's finishes, upgrades, and customization options at the design center.
Step 5: Construction Phase (4-6 Months)
Receive regular updates while your new Hawaii home is being built.
Step 6: Final Walkthrough & Closing (1-2 Days)
Complete final inspection, sign closing documents, and receive keys to your new DR Horton Hawaii home!
This roadmap outlines the typical process when purchasing a new construction home from DR Horton in Hawaii. Timeframes may vary based on community demand and construction schedules.
Upcoming Event: West O'ahu Home Buyers Zoom Seminar
Event Information
Join our exclusive online seminar designed specifically for West O'ahu homebuyers! Learn valuable insights directly from local experts, covering financing, market trends, and strategies to successfully buy your new home.
Date and Time
Date: May 8th Time: 7:00 PM HST 👉 Click Here to Register
3
Expert Speakers
Local real estate professionals
90
Minutes
Of valuable information
100%
Free
No cost to attend